Essar Steel creditors' panel chooses ArcelorMittal's joint bid: CNBC TV18
The committee of creditors of debt-laden Essar Steel India Ltd has chosen the resolution plan by ArcelorMittal SA and Japan`s Nippon Steel & Sumitomo Metal Corp as the winner, CNBC TV18 reported on Friday, citing sources.
Essar Steel is one of a group of companies that are among India`s biggest debt defaulters that were dragged into the bankruptcy court last year. Photo courtesy: PTI